Citigroup Stock Trading Update – November 13, 2024Here’s the latest chart of Citigroup’s stock as of 11/13/2024. My trading tip: consider opening a short position in Citigroup stock. This short setup offers an attractive 2:1 reward-to-risk ratio.
Rationale: A double top has formed, and the earnings forecast per share has been revised downward from $1.51 to $1.21 compared to the previous quarter. These factors suggest a potential correction, possibly down to the 200-day moving average.
Position Closure: Once the price reaches the 200-day moving average, it would be an ideal time to close the position and secure profits.
